Subject: Please "SHARE" with ALL & AS MANY Fellow Malaysians as soon as possible
Please "SHARE" with ALL & AS MANY Fellow Malaysians as soon as possible ( a.s.a.p )
My sincere apologies to bring to you all the BAD NEWS...
But as of 16th of NOVEMBER 2012 ( Friday/Yesterday ) in accordance to the recent UPDATE of Economic Reports from our Central Bank, Bank Negara Malaysia ( BNM ) which can be seen by clicking the following LINK at:
http://www.bnm.gov.my/index.
Reports for the 3rd Quarter ( Q3 ) of this year 2012 now has indicated that we have "OFFICIALLY 'BREACHED' or "EXCEEDED" the 55% DEBT CEILING or LEGAL LIMIT for FEDERAL GOVERNMENT DEBT to GDP Ratio by RM27Million!
As in accordance to last updated Gross Domestic Product ( GDP ) by Malaysian Statistic Department as of 2011 which can be seen by on page 18 of the following report by clicking on the "LINK" at:
http://www.statistics.gov.my/
Our last updated GDP is at RM 881, 080 BILLION which puts the 55% LEGAL LIMIT for Federal Government Debt at:
RM 484, 594 BILLION.
The CURRENT FEDERAL GOVERNMENT DEBT now stands at:
RM 484, 621 BILLION.
Our of this Total Amount, only RM 140, 467 BILLION is 'guaranteed' by the Government or a roughly mere 29%
A sudden DOWNGRADE of Malaysian Government Sovereign Credit Rating by International Rating Agencies such as:
- Standard & Poors
- Fitch Ratings
- Moody's Investors Service
...will result in an international fall in the value of the Ringgit currency, which may happen soon!
Please "SHARE" with as many others!
Now there IS no other choice but DOWN with UMNO/BN or we "ALL" will suffer pretty soon...
And May GOD have MERCY upon us all & the Malaysian Economy!
PS. The PUBLIC may "VERIFY" the data simply by 'clicking' on the "LINKS" ( in-blue ) to the Official Reports from both Official Portals & Websites of Malaysian Statistics Department and 'Bank Negara Malaysia' already provided ABOVE. Thank You!